How To Buy My First Home May 2026

Once your offer is accepted, you enter escrow. Never skip these two steps:

Expect to pay 2% to 5% of the home’s purchase price in taxes, lender fees, and inspections. 2. Get Pre-Approved how to buy my first home

Avoid making any large purchases (like a new car or furniture on credit) between your pre-approval and closing day, as this can disqualify your loan at the last minute! Once your offer is accepted, you enter escrow

It’s easy to get distracted by a pretty kitchen. Stay grounded by making a list: Once your offer is accepted

Your lender will require an independent value check to ensure the house is worth what you’re paying. 7. Closing Day